JLL has officially opened the doors at their new Parramatta office at 32 Smith, increasing their footprint and headcount as Sydney’s industrial market remains at elevated levels in 1Q22.

CEO of JLL Australia, Dan Kernaghan said, “JLL is leading the way when it comes to the future of work. This exciting move is all about giving JLL’s people the latest and greatest in cutting edge technology, sustainability and design. We are focused on providing one of the best places to work for our Western Sydney team, as we continue to grow our business and our people.”

Poised at the Gateway to the Parramatta CBD, JLL occupies 1,000 square metres of space on level 12, nearly doubling the size of its footprint in Western Sydney. The workspace amalgamates the best in design, technology, sustainability and amenity, as well as featuring natural light and expansive views over the Parramatta River. The 32 Smith development is owned, developed and operated by The GPT Group.  

Designing and delivering the space, JLL’s Project Management team (PDS) are managing the process from conception to completion, providing a fit-for-purpose workspace that supports best work practices and well-being for JLL’s people. Featuring the latest technology in the workspace ensures a seamless experience for JLL’s Western Sydney team and its clients.

Mr Kernaghan said, “By nearly doubling the size of our office space in Parramatta, we are continuing to invest in Western Sydney on behalf of the many clients we represent. Our new office is well-suited to JLL as a growing market leader, and we plan to double our headcount by 2025.”

Record-breaking occupier demand in 2021, coupled with rapid business growth has seen JLL’s NSW Industrial & Logistics team expand with the recent strategic new appointments of five market experts, Mark Silva, Aston D’Alfonso, Matt Pizzonia, Chiara Liucci and Rebecca Emeny.

JLL’s National Head of Industrial & Logistics Agency, Peter Blade said, “The addition of five new faces to join our Western Sydney Industrial team will increase our capabilities, provide new perspectives to our clients, and add depth to our service offering to ensure we continue to respond to our clients’ needs.”

2021 activity for the industrial occupier market hit record breaking levels. Population growth, supply chain reconfiguration, the e-commerce boom and a shift to local manufacturing will continue to drive demand in 2022 and beyond.

Mr Blade said, “There have also been a number of key internal promotions within our rapidly growing Western Sydney team. Miguel Lee has been appointed to a newly created role, Director of Middle Markets, Logistics & Industrial. Marco Chiodo has been appointed to Head of Western Sydney, Logistics & Industrial; and Stephen Chronopoulos appointed to Associate Director, Logistics & Industrial. We are excited to create career pathways and are extremely proud to continue developing our younger talent, helping the next generation achieve their ambitions.” 

Occupier activity in the Sydney industrial market remained strong, totalling 230,750 sqm in 1Q22. Despite falling by 21% compared to the previous quarter (as is common in Q1), the 1Q22 gross take-up figure marked the eighth consecutive quarter where gross take-up has been above the 10-year quarterly average (226,700 sqm).

Below: JLL’s National Head of Industrial & Logistics Agency, Peter Blade.